SPY vs XOP: Holdings Overlap
SPYState Street® SPDR® S&P 500® ETF Trust
State Street (SPDR) · 504 holdings · $812.0B · as of 2026-08-06
XOPState Street® SPDR® S&P® Oil & Gas Exploration & Production ETF
State Street (SPDR) · 52 holdings · $3.6B · as of 2026-08-06
How similar are SPY and XOP?
State Street® SPDR® S&P 500® ETF Trust (SPY, by State Street (SPDR)) holds 504 positions; State Street® SPDR® S&P® Oil & Gas Exploration & Production ETF (XOP, by State Street (SPDR)) holds 52. They have 14 holdings in common, and by portfolio weight the two funds are 2.5% identical. In practical terms the pair is essentially distinct, holding almost none of the same securities.
- Overlap by Weight
- 2.5%Sum of the smaller weight of each shared holding
- Shared Holdings
- 14SPY holds 504 · XOP holds 52
- Weight in Shared Holdings
- SPY 3%·XOP 36%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in SPY
490 of 504 positions (97.4% of the fund) are not held by XOP. Showing the top 30 by weight.
Only in XOP
38 of 52 positions (64.2% of the fund) are not held by SPY. Showing the top 30 by weight.
Sector Breakdown
| Sector | SPY | XOP |
|---|---|---|
| Energy | 3.2% | 99.5% |
| Information Technology | 37.6% | 0.0% |
| Financials | 12.3% | 0.0% |
| Communication Services | 9.7% | 0.0% |
| Consumer Discretionary | 9.3% | 0.0% |
| Other Sectors | 27.9% | 0.0% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts.
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| SPY | +3.4% | +14.0% | +23.7% | +21.2% | +13.3% | +15.3% | 0.97% |
| XOP | +5.7% | +33.0% | +39.0% | +7.2% | +18.0% | +3.7% | 1.95% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in SPY vs XOP →
Shared Holdings(14)
The top 10 shared positions account for 95% of the overlap, led by XOM, CVX and COP.
 XOMEXXONMOBIL HOLDINGS CORP | 0.97% | 2.58% | 0.97% |
|---|---|---|---|
 CVXChevron Corp. COM | 0.53% | 2.50% | 0.53% |
 COPConocoPhillips COM | 0.21% | 2.45% | 0.21% |
 VLOValero Energy Corp. COM | 0.14% | 2.95% | 0.14% |
 MPCMarathon Petroleum Corp. COM | 0.13% | 2.86% | 0.13% |
 PSXPhillips 66 COM | 0.12% | 2.84% | 0.12% |
 EOGEOG Resources Inc. COM | 0.11% | 2.44% | 0.11% |
 DVNDevon Energy Corporation COM | 0.07% | 2.32% | 0.07% |
 OXYOccidental Petroleum Corp. COM | 0.06% | 2.47% | 0.06% |
 FANGDiamondback Energy Inc COM | 0.06% | 2.42% | 0.06% |
 EQTEQT Corporation COM | 0.05% | 2.46% | 0.05% |
 EXEExpand Energy Corp. COM | 0.03% | 2.61% | 0.03% |
 TPLTexas Pacific Land Corporation COM | 0.03% | 2.38% | 0.03% |
 APAAPA Corp. COM | 0.02% | 2.42% | 0.02% |
Frequently Asked Questions
How much do SPY and XOP overlap?
SPY and XOP overlap by 2.5% of portfolio weight. They share 14 holdings (SPY holds 504 positions and XOP holds 52), based on each fund's latest SEC-reported holdings.
Is it redundant to own both SPY and XOP?
The two portfolios are 2.5% identical by weight. Owning both is genuine diversification: the funds hold almost none of the same securities.
What are the biggest shared holdings of SPY and XOP?
The largest positions held by both funds are XOM, CVX, COP, VLO and MPC. Together the top 10 shared positions account for 95% of the total overlap.
What does SPY own that XOP doesn't?
490 positions (97.4% of SPY) are unique to SPY, led by NVDA, AAPL and MSFT. In the other direction, 38 positions (64.2% of XOP) are unique to XOP.